Skip to Main Content

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE DECEMBER 10, 2019

Tuesday, December 10, 2019 | 09:30am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.75 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.75 percent as published by the Federal Reserve on December 10, 2019.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE NOVEMBER 5, 2019

Tuesday, November 05, 2019 | 10:32am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 8.90 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 4.90 percent as published by the Federal Reserve on November 4, 2019.

Read full story